China

We know... there are several candidates to choose from. For example…

It might be Anbang - the acquisitive insurance behemoth – see “Anbang Just Became A ‘Systemic Risk’: Revenues Crash As Its Chairman Is “Detained”

It might be China Evergrande – the developer of “ghost” properties and described by J Capital’s, Anne Stevenson-Yang as “the biggest pyramid scheme the world has yet seen” – see “Stevenson-Yang Warns ‘China Is About To Hit A Wall”.

Authored by Pepe Escobar via The Saker blog,

The 19th Party Congress has made it very clear that “socialism with Chinese characteristics” – as codified by President Xi Jinping – is China’s road map ahead. Not only does the strategy graphically eschew those much-lauded “Western values”; it will, in Xi’s own words, offer “a new option for other countries and nations who want to speed up their development while preserving their independence.”

By the SRSrocco Report,

The world's top gold producer saw its mine supply plummet by 10% in the first half of 2017.  According to the GFMS World Gold Survey newest update, China's gold production in 1H 2017 fell the most in over a decade.  The fall in Chinese gold production is quite significant as the country will have to increase its imports to make up the shortfall in its mine supply

Authored by James Holbrooks via TheAntiMedia.org,

In an effort to “uphold the respect of the people” for the country’s national anthem and “regulate their behavior while singing or playing” it, as the China Daily writes, China’s government is considering stiffening the penalty for mocking the tune. From the state-run outlet on Tuesday:

“People who disrespect China’s national anthem could face up to three years in prison if a draft amendment to the Criminal Law is approved.

 

Just over a week ago we highlighted how China’s financial regulator had instructed companies to delay the reporting of bad corporate news until after the Party Congress. As Bloomberg noted...

China’s securities watchdog has asked some loss-making companies to avoid publishing quarterly results this week as authorities seek to ensure stock-market stability during the Communist Party Congress, according to people familiar with the matter.